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The law on TOP is based on the best world practices - Ivlev
Alexander Ivlev, managing partner of EY, is confident that the law on TOP is based on the best world practices, and a model that is applicable specifically to the Far East is selected, the press service of the Ministry of Regional Development said.
“Even at the stage of preparation of the law, the best world practices of the TOP were considered. It was obvious that this tool works effectively in other countries, including the Asia-Pacific region, and opens up new opportunities for investors in our Far Eastern territories. The law is based on the best world practices, including those of the Asia-Pacific region, but a model has been chosen that is applicable specifically to the Far East. It selected the forms that fully correspond to the Far East region and the experience that has already been accumulated in the implementation of similar projects in other countries.
TOP in the Far East provide investors with tax advantages, provide opportunities for close interaction with key players in the Asia-Pacific region, ”notes Alexander Ivlev.
He also draws attention to the fact that under the TOP in the region "will be created the appropriate infrastructure, which is sorely lacking in the Far East. The law provides opportunities to attract qualified labor force to the region, which is also one of the barriers to the work of investors. "